Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hello, I need this question answered. It is a Money Market Activity Rate assignment. The answerer must fill in the blanks for the specific time
Hello, I need this question answered. It is a Money Market Activity Rate assignment. The answerer must fill in the blanks for the specific time period and the following numbers and data for the time of year of each institution.
Money Market Rates [Day, Month, Year], Wall Street Journal PRIME RATE:[ ? ] % (effective date?). This is a benchmark rate used by banks in making loans to their commercial customers. The best customers pay close to the prime rate, less creditworthy customers pay more. DISCOUNT RATE: [ ?]% (Primary) (effective date?). This is the rate charged by the Federal Reserve for the loans made to the member banks. FEDERAL FUNDS: [ ? ]%, high, [ ]% low, [ ]% near closing bid, [ ]% offered. Effective rate [ ]%. Reserves traded by the member banks for overnight use in amounts of $1 million or more. CALL MONEY: [ ]% (effective date ?). This is the rate of interest used by stockbrokers for making loans to their customers for the purchase of common stocks. COMMERCIAL PAPER: placed directly by General Electric Capital Corporation, 5.24% 30 to 44 days, 5.25% 45 to 61 days, 5.28% 62 to 89 days, 5.29% 90 to 119 days, 5.30% 120 to 190 days, 5.29% 191 to 219 days, 5.28% 220 to 249 days, 5.27% 250 to 270 days. CERTIFICATES OF DEPOSIT: [ ? ]% one month, [ ]% three months, [ ]% six months. LONDON INTERBANK OFFERED RATE (LIBOR): [ ]% one month, [ ]% three months, [ ]% six months, [ ]% one year. The rate is set by the British Banker's Association, and is used by one bank making loan to another bank. This is a key rate used in international transactions, especially interest rate swaps. FOREIGN PRIME RATES: Canada [ ]%, European Central Bank [ ]%, Japan [ ]%, Switzerland [ ]%, Britain [ ]%, Australia [ ]%, Hong Kong [ ]%. TREASURY BILLS: Results of the [day, month, year], auction of the shortterm T-bills sold at a discount in units of $1,000 to $1 million. [ ]% 4 weeks, [ ]% 13 weeks, [ ]% 26 weeks. CONSUMER PRICE INDEX: [Month] ,[ value ], up/down [ ]% from a year ago. Bureau of Labor StatisticsStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started